Bionematicides Market size worth $209.1mn by 2024

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Bionematicides Market size worth 209.1mn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Bionematicides Market

• Global bionematicides market size may hit USD
  209.1 million by 2024, with projected growth more
  than 4.
• In 2015, bionematicides market for cotton crop
  generated revenue more than USD 800 thousand.
  Nematodes leads to over USD 80 billion crop yield
  losses across the globe, including cotton.
  Booming bio based fertilizer applications and
  farmers preference for sustainable farming to
  prevent lance nematodes, sting and root knot in
  crops will propel industry growth.
• In 2015, fruits vegetable crop was valued at
  over USD 41 million. Escalating demand organic
  and bio based fruits vegetables demand globally
  is offering a positive bionematicides market
  outlook.
• Bionematicides market for soybean should exceed
  USD 14.5 million over the forecast timeframe.  

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Continued...

• In 2015, U.S. bionematicides market was dominant
  regional industry and accounted more than 30 of
  global volume. The regional growth was mainly
  propelled increasing bio pesticides preference
  over chemicals. For instance, the Department of
  Environmental Toxicology (U.S.) puts emphasis on
  bio pesticides for crop protection.  
• Asia Pacific, led by China, India and Japan
  bionematicides market was valued more than USD 23
  million in 2015. Rapid industrialization,
  demographic shifts, overpopulation,
  affordability, sustainability, environmental
  concerns and climate change are vital factors
  propelling bionematicides market.
• Furthermore, farming is one amongst the
  predominant economic contributor of Asian
  countries and is also reinforced by the
  government organization in the form loan and
  subsidies for promoting sustainable farming.
• Global bionematicides market share is fairly
  consolidated with five major players accounting
  more than 50 of global volume in 2015. Major
  industry participants are BASF SE, Dow
  AgroSciences, Monsanto Company, Bayer
  CropScience, Syngenta AG, LAM International and
  Marrone Bio Innovations.

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U.S. Bionematicides Market size, by crop type,
2013-2024 (USD thousand)

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360 Analysis

• Crop Analysis
• Bionematicides used in cotton was valued at over
  USD 800,000 in 2015. Nematodes are known to cause
  approximately USD 80 billion in crop damages
  globally. Increasing product application in corn
  farms to protect crops from root knot, sting,
  cyst and lance nematodes will drive industry
  growth over the forecast timeframe.
• Regional Analysis
• The U.S. bionematicides market was valued at over
  USD 42 million in 2015 and is primarily driven by
  increasing biopesticide acceptance over chemical
  pesticides. For example, the Department of
  Environmental Toxicology (U.S.) lays emphasis on
  biopesticides as a viable solution to crop
  protection and this is likely to help boost
  bionematicide sales in the region.
• Competitive Market Share
• Global bionematicides market is moderately
  consolidated and the five major players accounted
  for more than half the global volume in 2015. The
  remaining half of the market share is highly
  fragmented between other industry participants.
  Key industry players are Bayer CropScience AG,
  Monsanto Company, Syngenta AG, BASF SE and Dow
  AgroSciences LLC. Other notable industry
  participants profiled in the study include FMC
  Corporation, Valent BioSciences Corporation,
  Marrone Bio Innovations, Inc., Certis USA LLC,
  Syngenta AG, LAM International, and Ecoman
  Biotech Co., Ltd.

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